Mar 12 • 09:47 UTC 🇲🇽 Mexico El Financiero (ES)

Revolut, open to branch service

Revolut's general director, Juan Guerra, stated that to meet user demands, the company is considering establishing physical branches in Mexico, despite its current focus on a fully digital banking model.

Juan Guerra, the general director of Revolut Mexico, recently discussed the company's approach to customer service in the banking sector, emphasizing that meeting user demands is vital for success. He indicated that if customers express the need for physical branches, they will be established to provide a point of contact. This statement comes as Revolut continues to push its 100% digital banking model while acknowledging the importance of blending physical and digital interactions, particularly among Mexican consumers who tend to prefer cash payments.

In terms of strategy, Guerra pointed out that while there is a lot to offer in the digital banking landscape, accommodating the need for cash deposits and withdrawals is crucial in Mexico. Currently, Revolut lacks physical locations for such transactions but aims to address this gap, enabling customers to have seamless access to both digital services and physical banking needs. This dual approach could provide Revolut with a competitive edge in the Mexican market, which is gradually shifting towards digital banking solutions.

As Revolut prepares to participate in the upcoming 89th Banking Convention in Mexico, Guerra expressed confidence in their current business model while being open to adaptations based on customer feedback. Their willingness to incorporate physical branches illustrates a responsive strategy that may enhance user experience and attract a broader customer base in a market that has traditionally relied on physical banking services.

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